Keane Group

Keane Group, Inc. (FRAC) Insider Ownership of 72.35%

Headquartered in Houston, Texas, Keane is one of the largest pure-play providers of integrated well completion services in the US, with a focus on complex, technically demanding completion solutions. Keane’s primary service offerings include horizontal and vertical fracturing, wireline perforation and logging, engineered solutions, and cementing

KEANE GROUP INC is currently 23.8% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FRAC at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FRAC. and have had this outlook for the last 27 periods. [READ MORE]

Whereas, firm has insider ownership was declared as 72.35% and Insider transaction was recorded recently as 0.01%. The high insider ownership can as a matter of fact lead to the contradictory result, a management team that is unaccountable because they can keep their jobs under almost any circumstance. But in several cases high influential ownership could give a false signal to investors  , and can’t be reconciled with the original intent of the strategy. Keane Group, Inc. (FRAC) Eye-Catching Insider Ownership of 72.35%

With debt reaching 61.16% of equity, FRAC may be thought of as relatively highly levered. This is not unusual for mid-caps as debt tends to be a cheaper and faster source of funding for some businesses. However, since FRAC is presently unprofitable, sustainability of its current state of operations becomes a concern. Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate. Is Keane Group Inc’s (NYSE:FRAC) Balance Sheet A Threat To Its Future?

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